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Kazakhstan Launches Tenge-Pegged ‘Evo’ Stablecoin Pilot on Solana

Run in the central bank’s regulatory sandbox, the test uses Mastercard integration to connect the token to regulated payment rails.

Overview

  • Intebix issues the KZTE token with support from Eurasian Bank under National Bank oversight.
  • Mastercard’s role is to enable interoperability with other regulated stablecoin systems and traditional networks.
  • Built on the Solana blockchain, Evo targets high-speed, low-cost transactions suitable for consumer and business payments.
  • Pilot use cases include crypto-fiat exchange, merchant checkout, and card-based spending in real-world conditions.
  • National Bank Governor Timur Suleimenov presented the launch as part of a broader digital finance strategy to speed transfers and expand access.